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Tiger Securities responds to regulatory guidance: It will not affect existing/ongoing trades, and will not move or remove current users from service for now

MeNews
ME News Report, May 25 (UTC+8), Tiger Securities issued a client notice regarding recent regulatory guidelines that have attracted market attention, stating that the relevant regulations have not yet been fully implemented. Currently, deposits, position building, and trading for domestic clients are unaffected, and the platform "will not withdraw existing users." Tiger Securities stated that this regulatory guideline mainly targets individual investors who "only hold mainland Chinese ID cards or passports, with no foreign identity," and the scope of impact covers the entire industry, including cross-border brokerage platforms such as Tiger, Futu, and Changqiao. According to the notice, individual clients holding Hong Kong permanent resident IDs, Hong Kong non-permanent resident IDs, work visas, student visas, or other legal foreign IDs, as well as overseas registered operating institutions, are "not affected" at present, and related accounts, trading, and deposit/withdrawal services are operating normally. For affected clients, Tiger said that in the future, there may be a gradual restriction on "deposits and purchases" within the mainland, but the specific implementation timeline and details have not yet been clarified. If there are formal plans later, users will be notified in advance and given transition arrangements. Regarding asset security, Tiger emphasized that client funds are strictly segregated from company operating funds, with US stocks, Hong Kong stocks, and Singapore stocks assets separately custodied by DTCC, Hong Kong Central Clearing and Settlement System, and Singapore CDP, respectively. The company's overall operations and financial status are normal. (Source: BlockBeats)
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SudoSoul
· 36m ago
The importance of identity planning +1
View OriginalReply0
AirdropLunchbox
· 5h ago
Studying abroad visas also count as overseas status, that's a relief.
View OriginalReply0
LunaCircuit
· 5h ago
Hong Kong ID card has become a talisman
View OriginalReply0
GateUser-14d03834
· 5h ago
Let's wait until the detailed rules are implemented.
View OriginalReply0
IceCreamUnderTheNeonLights
· 5h ago
Industry-specific impact, unavoidable
View OriginalReply0
FragmentGlowFlower
· 5h ago
Gradually restricting these four words is very important
View OriginalReply0
Don’tRushToDoubleItYet.
· 5h ago
Institutional clients are completely unaffected; those in the know understand.
View OriginalReply0
GateUser-715706bb
· 5h ago
Mainland passport holders are trembling.
View OriginalReply0
CrystalBallForSentiment
· 5h ago
This means gradually tightening, not a sudden cut.
View OriginalReply0
GasFeesAfterTheRain
· 5h ago
Existing users breathe a sigh of relief
View OriginalReply0
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